Lokshin, Boris; Mohnen, Pierre - In: Applied Economics 44 (2012) 12, pp. 1527-1538
This article examines the impact of the R&D fiscal incentive programme on R&D by Dutch firms. Taking a factor demand approach, we measure the elasticity of firm R&D capital accumulation to its user cost. Econometric models are estimated using a rich unbalanced panel of firm data covering the...